Groundnut oil contains phytochemicals and vitamin E, both of which are natural antioxidants. It also reduces inflammation if consumed regularly. It is said to keep many diseases like cancer at bay. The vitamin E helps maintain good skin health, making it look young and healthy. It is made from peanut plant seeds, peanut oil — also known as groundnut oil — is commonly used in baking, sautéing, frying, and other forms of cooking. While peanut oil offers a slightly nutty flavor, it’s generally a good, neutral option to use for most recipes.